AppleInsider draws from a posting for a book on Amazon Germany's website to come to the conclusion that iDVD won't be included in the upcoming iLife 11 update (expected sometime this year.)
If true - and it's little more than a rumor at the moment - I have to say I think it would be weird and unfortunate for them to do it; and yet not surprising. Steve Jobs is alway in a hurry to move forward, and has never been reticent about abandoning technologies he thinks are past their prime (floppy drives, Firewire, Flash.)
Guess I'm glad I'll still have the current version of iDVD to use to burn the occasional video DVD...
Appleinsider: Book listing claims Apple's iLife '11 will be 64-bit, iOS compatible